Lithuania to auction EUAs
The Lithuanian Environmental Investment Fund is to offer 552,000 EU Allowances (EUAs) for online auction.
The auction of the allowances, which can be used for compliance with phase one (2005 – 2007) of the EU Emissions Trading Scheme (EU ETS), will take place on 10 September 2007.
In the first phase of the EU ETS the Lithuanian Government allocated 12.3 million EUAs annually to domestic installations. The remaining allowances will now be auctioned on the Climex platform in a process managed by advisory company Vertis Environmental Finance.
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